KeyCorp Comments on Arista Networks' Q1 Earnings (NYSE:ANET)

Arista Networks, Inc. (NYSE:ANET - Free Report) - Stock analysts at KeyCorp issued their Q1 2026 earnings per share estimates for Arista Networks in a note issued to investors on Wednesday, June 25th. KeyCorp analyst B. Nispel expects that the technology company will earn $0.65 per share for the quarter. KeyCorp has a "Overweight" rating and a $115.00 price objective on the stock. The consensus estimate for Arista Networks' current full-year earnings is $2.20 per share. KeyCorp also issued estimates for Arista Networks' Q2 2026 earnings at $0.68 EPS, Q3 2026 earnings at $0.70 EPS, Q4 2026 earnings at $0.74 EPS and FY2026 earnings at $2.78 EPS.

A number of other equities analysts have also recently weighed in on the company. Barclays cut their price target on Arista Networks from $126.00 to $119.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on shares of Arista Networks from $140.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group reduced their target price on shares of Arista Networks from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. KGI Securities downgraded shares of Arista Networks to a "neutral" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Arista Networks in a research report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $109.33.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $101.71 on Friday. Arista Networks has a 1 year low of $59.43 and a 1 year high of $133.58. The business has a 50 day moving average price of $89.42 and a 200 day moving average price of $95.70. The company has a market capitalization of $127.74 billion, a P/E ratio of 43.05, a P/E/G ratio of 2.82 and a beta of 1.37.

Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. Arista Networks had a net margin of 40.72% and a return on equity of 30.48%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the firm posted $0.50 EPS. The firm's revenue for the quarter was up 27.6% on a year-over-year basis.

Hedge Funds Weigh In On Arista Networks

Hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock worth $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Arista Networks in the 4th quarter worth approximately $202,000. Bank Pictet & Cie Europe AG boosted its position in Arista Networks by 433.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 10,856 shares of the technology company's stock valued at $1,200,000 after purchasing an additional 8,822 shares during the period. IFP Advisors Inc boosted its position in Arista Networks by 319.7% during the 4th quarter. IFP Advisors Inc now owns 6,069 shares of the technology company's stock valued at $671,000 after purchasing an additional 4,623 shares during the period. Finally, Lake Street Advisors Group LLC grew its stake in Arista Networks by 661.3% during the 4th quarter. Lake Street Advisors Group LLC now owns 16,170 shares of the technology company's stock worth $1,787,000 after buying an additional 14,046 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Insider Activity at Arista Networks

In other news, Director Kelly Bodnar Battles sold 1,492 shares of Arista Networks stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $68.49, for a total value of $102,187.08. Following the completion of the transaction, the director now owns 7,480 shares in the company, valued at approximately $512,305.20. This trade represents a 16.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kenneth Duda sold 80,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $90.07, for a total value of $7,205,600.00. Following the completion of the sale, the senior vice president now owns 12,976 shares of the company's stock, valued at $1,168,748.32. This trade represents a 86.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 161,690 shares of company stock valued at $14,525,085. Corporate insiders own 3.39% of the company's stock.

Arista Networks announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 6th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

About Arista Networks

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

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